ATM Charges to Increase from May 1, 2025: Full Details
The Reserve Bank of India (RBI) has approved a proposal from the National Payments Corporation of India (NPCI) to increase ATM transaction charges starting
May 1, 2025
.10What Will Change From May 1, 2025?After exceeding the free transaction limit, revised charges will apply. The Reserve Bank of India (RBI) has approved a proposal from the National Payments Corporation of India (NPCI) to increase ATM transaction charges starting
May 1, 2025
.
What Will Change from May 1, 2025?
After exceeding the free transaction limit, the revised charges will apply.
Why Are ATM Charges Increasing?
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ATM network operators and White Label ATM providers requested an increase in interchange fees due to rising operational and maintenance costs. NPCI recommended the hike, which has now been approved by the RBI.
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Impact on Customers and Banks
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Customers using ATMs of banks other than their home bank will incur higher charges.
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Smaller banks that rely more heavily on other banksโ ATM networks may see a rise in operational costs.
Banks might consider revising account maintenance charges to offset these rising costs.
Frequent ATM users are advised to use digital payment options or prioritize transactions at their home bankโs ATM to avoid extra fees.
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SBI Also Revises Its ATM Rules (Effective February 1, 2025)
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The State Bank of India (SBI) has separately announced new rules for ATM transactions:
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Free Transactions per Month:
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For Customers with Monthly Average Balance (MAB) Above Rs1 Lakh:
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Charges Beyond Free Limit:
Balance Enquiry and Mini-Statement:
Non-Cash Financial Transactions:
Customers are advised to review their ATM usage habits carefully to avoid incurring additional charges and make greater use of digital banking services where possible.01001010Related01001010
